Mine Bitcoin While Heating Your Home - Heatbit Creates the First Bitcoin-Mining Home Appliances

In this episode with Alex Busarov, founder of Heatbit, we discuss:
- Mining Bitcoin while heating your home with Heatbit: heatbit.com/?ref=NATALIEBRUNELL
- Will more at-home appliances become miners?
- Why should people mine Bitcoin at their home or office?
- Mining pools and centralization risks
- How much does it cost to mine and what are the chances of winning a Bitcoin block?
- Building a Bitcoin company - the pros and challenges
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Bio:
Alex Busarov is the Founder and CEO of Heatbit, the company behind the world’s first Bitcoin-mining home appliances. Think Dyson, but with Bitcoin rewards. Before starting Heatbit, Alex was a consultant at McKinsey, where he worked with major energy companies. His work shaped some of the largest wind and solar energy projects worldwide. The Russian native has spent a lot of time in China, and earned his Bachelor's Degree in Philosophy and Economics from The London School of Economics and Political Science.
Follow Alex on X at x.com/heatbit_com
⚡ Coin Stories is powered by Bitdeer Technologies Group (NASDAQ: BTDR), a publicly-traded leader in Bitcoin mining that stands alone as the only vertically-integrated, technology-focused Bitcoin mining company. Learn more at bit.ly/bitdeercoinstories.
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Natalie's Promotional Links:
⚡ Mine Bitcoin and Heat Your Home with Heatbit: heatbit.com/?ref=NATALIEBRUNELL
⚡ Bitcoin Nashville is July 25-27th! Join me for my 3rd Annual Women of Bitcoin Brunch! Get 10% off your conference passes using the code HODL: b.tc/conference.
⚡ Buy Bitcoin, secure it through multisig collaborative custody, start a Bitcoin IRA or take out a Bitcoin loan with UNCHAINED: shorturl.at/jmW29 promo code Natalie
⚡ Never wait or pay high fees for making Bitcoin payments. Use Speed Lightning Wallet to instantly send and receive Bitcoin: speedbtcwallet.onelink.me/cGp...
⚡ Safely self-custody your Bitcoin with Coinkite and the ColdCard cold storage device. Get 5% off: shorturl.at/apsLU
⚡ Master Bitcoin self-custody and privacy with 1-on-1 help and gain peace of mind with the help of The Bitcoin Way: www.thebitcoinway.com/partner...
⚡ Protect yourself from SIM swaps that can hack your accounts and steal your Bitcoin. Join America’s most secure mobile service, trusted by CEOs, VIPs and top corporations: www.efani.com/natalie
⚡ Connect with Bitcoiners and Bitcoin merchants wherever you live and travel on the Orange Pill App: shorturl.at/gvxS3
🗒️ IN THIS EPISODE:
00:00 Growing up in Russia, living in China
00:55 How did Alex get into Bitcoin?
2:10 How does Heatbit work?
3:46 Does Heatbit cause an energy spike?
4:15 Bitdeer Technologies Group
5:00 How is Heatbit so quiet?
6:08 Connecting to mining pool
6:24 Centralization risks
10:24 Marketing Heatbit to large audience
11:14 Designing Heatbit
13:47 Bitcoin 2024
14:09 Speed Bitcoin Lightning Wallet
14:22 Coinkite Coldcard Wallet
14:35 The Bitcoin Way
14:56 Can Heatbit mine a full Bitcoin block?
15:34 How much can I earn with Heatbit?
16:05 Being a founder in Bitcoin space
17:31 Helping Bitcoin network grow
18:55 Fountain App
💡 OTHER RESOURCES
Natalie’s website www.talkingbitcoin.com/
Heatbit www.heatbit.com/
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Producer: Aron Bender / aron-bender
DISCLAIMER Coin Stories is for entertainment purposes only and does not give financial advice. #bitcoin #crypto #money

[@nataliebrunell]

Subscribe to never miss episodes of the Coin Stories Podcast with Natalie Brunell: kzbin.info. Beware of impersonators and scammers on KZbin and all social platforms. We will NEVER ask you for personal information or to send money anywhere. Links to our promotional partners are in the show notes. Thank you for watching!

[@GajadharYadav-dy5qm]

Thanks for the update. I bet those Fourprime token holders aren't too worried about the markets.

[@ivecadit]

How about a Bitcoin water heater too? Could open the market to those that live in warmer climates that don't necessarily need a space heater.

[@neptvnenoise]

thinking the same from southern california lol

[@heatbit]

Possibly in the future. At the moment, we're focused on fulfilling all current orders.

[@Ray_Charles]

I'm Canadian, so I'm very excited about this! Thanks Natalie for bringing this to my attention

[@karlbartz9364]

But no Information how much Power this heater has.So for one room in Winter you need 1000 to 2500 Watts per hour. So in Germany aproximate 35 to 90 Euro cents per hour. What is the return in Bitcoin whenn the heater runs 15 to 20 Hours per day?

[@DasPferd]

Nix bruder lohnt nicht in DE zu Minen solange du nicht Solar oder einen Extrem guten Tarif für Strom hast so ab 20 cent kwH kannste rechnen aber das ding braucht jahre damit du es zurück hast um dann erst profit zu machen Laut der herstellerseite machst du 30 000 satoshi am Tag das sind 18,53 Euro hahaha und laut rechnung bei 400w bei 24h betrieb zudem Vergiss nicht wenn du Mining in DE betreibst kommt da bis zu 49% Steuern Drauf hahahaha musst du natürlich angeben das du Mine als einkommen ;)

[@DasPferd]

Das ist wie damals zur Goldgräber Zeit die Schaufeln und Pfannen verkauft haben wurden Reich ;)

[@gaeldesmontagnesnoires1711]

I deamt something like this up in 2015 .. super happy to see it working well.. and it looks so cool as well!!!!

[@driveamillion9771]

Hiw about a Dyson vacuum that mines Bitcoin as you clean.

[@mc-kz8zn]

Very cool! I'm sure we'll see a lot more products like these come to the market.

[@BrettSpradlin]

I’ve been running Heatbits for a year and a half. What a great product! Everyone needs this.

[@zerodollarbitcoin]

Always top notch content!!

[@andydarbyshire4933]

Great report.

[@OzkAltBldgCo-bv8tt]

Not just your home imagine your patio rooftop greenhouse being heated passively with crypto. Imagine all the tropicals you could grow in the Midwest like that guy in Kansas who does below ground greenhouses and is growing Valencia oranges in Nebraska.

[@hollymc989]

Interesting. This might be helpful for my household. I will definitely be asking my tradesperson husband to look at the specs. Thank you both!

[@lindaabernathy4876]

Wouldn't the amount earned be a prorata share of what the mining pool earned based on the contribution.

[@renegademind1833]

So, having a system to mine BTC only sometimes, through 'air flow' is ok for cold days, but that thing should generate heat that can be stored for longer time usage. Heating 'circulating water' that heavily insulated.

[@MarkOfBitcoin]

Covid was the greatest Orange Pill ever!

[@rickdeckard9810]

You'll probably make more buying $800 of Bitcoin than mining it.

[@jehriasean6379]

If you need to heat your room too, it might be worth buying.

[@igoraleksandrov4831]

Well, this video makes me think over the issue of possible profit one can get by having 3 to 5 heattbits in a spacious house..$30 a piece makes $150,180 a month, that's a big deal considering environment conservation and the way you gain the money..as a by-product.

[@DarkLordJmac]

Can they also make a dehumidifier or a humidifier?

[@sumitmangar8563]

My home is in chill cold himalayas, I have always thought of putting mining rigs at home for mining and be warm sleeping and for animals, unfortuntely my house under construction

[@northshoreplaid]

It's 29-33 cents per kwh in Boston area!!! after you add in delivery charges etc...

[@MarkOfBitcoin]

That much?? You guys are paying more than we are in Australia!! And I thought we were getting ripped off!😮

[@northshoreplaid]

@@MarkOfBitcoin in the USA...because Solar was pushed by Govt...they threw the energy companies a bone. They got to charge folks who didn't go solar EXTRA for their power. Hence the price per Kwh. LOL

[@darude1420]

Great new look Natalie 😍

[@user-lr7yd3lu2t]

this is an amazing product, I wish them luck💪

[@jesuscrypto33]

I love you from the bottom of my 🧡orange heart

[@LL-wn8yw]

How can u compete with the hash power of a 100,000 sqft warehouse full of asic mining machines with this dinky heater lol

[@deepakmajhi5913]

Fourprime token to $15 this bull run for sure 🔥🔥

[@meatandsatoshis]

shut up

[@charlestherealboy]

could have been a kusama validator 😮‍💨

[@thejaydeeclub5062]

​​does everyone know that jack dorsey endorsed RFK JR ? told you he was the REAL pro-crypto president ! we need this bad here in the u.s. Charles Hoskinson endorsed Bobby too !

[@storyoflightmusic]

We love you natalie

[@user-sr8jn1fd2s]

An Antminer S9 from 2018 with reduced noise. An old miner and a mediocre heater. Better buy an efficient electric heater, and invest the monthly electricity savings to buy bitcoin.

[@heatbit]

You're talking about the first generation. Mini is the second and is completely different from the DIY approach of reusing miners. It is based on a custom plate with 5 nm chips instead of Antminer S9 plates. Mini is 10 TH/s from 400W, S9 is 13.5 TH/s from 1350W.

[@mattmill30]

@@heatbit so you've replaced the S9 BM1387 chips with S19 BM1398 chips on "a custom plate"

[@heatbit]

​@@mattmill30 these are not chips from S19; the boards with chips installed are produced for our devices. To make it clear, there's nothing wrong with using mining chips from used miners. You'll need to have a stable supply and figure out how to deal with failures and other issues, which is not easy if you produce a lot of devices.

[@jerrycrosby7887]

🙏 Natalie. I believe they also have purifier.

[@heatbit]

Mini is a purifier. The air passes through its integrated HEPA filter and becomes clean.

[@joeysocks5718]

We don’t have the grid capacity in the US, especially with EV charging. Fire up the coal mines 😊

[@Notyourkeys2023]

He heard about bitcoin before Satoshi…?

[@SalmanKhan-qm4cx]

Fourprime token is gonna be massive

[@user-gl2eq2ly4g]

Where do you buy it?

[@dankernuggets7]

I live in central Florida though 😭

[@RichardAristarchovas]

The device is really efficient at about 400W which is a couple flood lights so it is still a great way to dip your toes into mining your own bitcoin

[@xerostomia907]

Heat your pool

[@Jack-xc2ys]

🤣

[@ZotThithmaKarin]

What a lie how can you hear about Bitcoin in 2008 when it did not exist yet

[@NancyEmmanuel-ce1rz]

Now that bitcoin etf is approved, What is the best strategy to enter crypto trading for someone with more or less than $5,000 to invest?

[@DavidH.Berger]

As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant

[@DavidH.Berger]

She is Mrs Mary Gail Benner

[@DavidH.Berger]

She's on Facebook

[@DavidH.Berger]

Mary Gail Benner

[@DavidH.Berger]

That's her username

[@doug7180]

It's summer I need to cool my home

[@JeDxDeVu]

Get a proof of stake heater. It does nothing thus keeping everything cool.

[@Mrblobbster]

It’s too noisy

[@heatbit]

~40 dB, whisper-quiet

[@jonesrdh7170]

The return on investment is not even close to making this feasible. Bitcoin in its early days yes, now in order to even have a chance of minting blocks you need some of the most advanced hardware available. Even if you can buy that, the premium is going to be so high that offsetting heating cost won't even make a dent in the budget. This business seems like a scam to me

[@heatbit]

Miners operate within pools. When a single miner receives rewards, they are distributed among the entire pool. Consequently, you maintain a consistent income even if you haven't discovered any blocks.

[@jonesrdh7170]

@@heatbit it is my understanding that fragmented mining operations are significantly less profitable that large ones.

[@heatbit]

​@@jonesrdh7170 a large-scale business is more efficient because you have opportunities not available to a regular person or business. Enterprise miners have access to cheap electricity, cheaper ASIC miners, lots of free space optimized for running miners, and other benefits. Even with all this, they may go bankrupt because of risks. With Heatbit, you have free mining electricity because it's utilized for heating, and you'll use this electricity for heating even without mining. You can also find a used miner for cheaper than any enterprise miner and do just fine if your electricity rates are reasonable.

[@bobdole2465]

lol//good luck,before you mine the thing..someone will be first..so all you get is a heat..lol The mining companies have very fast mining warehouses..you cant compete..

[@gaeldesmontagnesnoires1711]

Cazy viewwwwwww .. wow the heater is super silent

[@TheBigRed.]

🤡🌎🥴